The update primarily concerns BaFin's enforcement warnings against unauthorised entities offering banking and financial services without proper authorisation, which constitutes regulatory enforcement action against unauthorised payment and banking service providers.
Several warned entities appear to offer payment-related services (deposits, financial services) that could fall under payments institution scope, though the update's focus on unauthorised operations and identity fraud suggests broader financial services enforcement rather than specific payments institution regulation.
Specialism
BaFin's warnings against unauthorised financial service providers operating without required authorisation represent formal regulatory notices highlighting non-compliance risks and potential enforcement action.
Low confidence — requires human review. The warnings include identity theft and fraudulent use of licensed firm names, which touches on fraud elements, but the primary focus is unauthorised operation rather than transaction-level fraud prevention.
2026-02-20 09:35:29·test@claude.ai
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TITLE: Germany's Financial Regulator Issues Multiple Warnings Against Unauthorised Financial Service Providers
BODY:
The Federal Financial Supervisory Authority (BaFin) has issued a series of warnings against unauthorised financial service providers operating in Germany. The warnings cover multiple websites and entities suspected of offering banking services, financial services, and securities services without the required authorisation from BaFin.
Entities warned include: bvvag.services (offering fixed-term deposit contracts and financial services); Genesis Capitals/LTD MMS SINGULAR (operating digishareai.com); Fortunex Algo (fortunex-algo.com); KesslerKoch AG (kesslerkoch.org); Capitus (capitus.pro, following an earlier warning regarding capitus.net on 17 December 2024); DepotWelt (depotwelt.com); AVA Trade (platformava.com); Atlas Vermögensverwaltung (atlas-vv.com); Morgans Finance (morgans-finance.com); Express-Kredits24H (express-kredits24h.de); and KapitalWert (marktkapital.com, following previous warnings on 30 October and 27 December 2024).
BaFin has also identified cases of identity theft, including kersten-anlageberatung.com, which falsely claims to be operated by the licensed securities firm Kersten Anlageberatung GmbH, and bgcg-sparbrief.net, which fraudulently uses the name of Aurel BGC Frankfurt Branch.
Additionally, BaFin has published a new circular (Rundschreiben 01/2025) clarifying criteria for simple, transparent and standardised (STS) securitisations under Regulation (EU) 2017/2402, and updating guidelines for asset-backed commercial paper and non-ABCP securitisations. On 15 January 2025, BaFin launched a new account comparison website enabling consumers to compare costs and services across 6,900 current account models offered by German financial institutions.
REFERENCES:
https://www.bafin.de/DE/Startseite/startseite_node.html